Discussion:Timeshare use donation
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Discussion Forum Index --> Basic Tax Questions --> Timeshare use donation
Discussion Forum Index --> Tax Questions --> Timeshare use donation
| 8 October 2009 | |
| I have a client who donated one week of timeshare use to a children's hospital. The client paid a maintenance fee of $670 for the week of use. The charitable organization gave him a receipt with a fmv of $2,500. My question is, is only the $670 deductible or the fmv of $2,500. Any guidance would help. Thanks in advance.
Nate | |
| 8 October 2009 | |
| Nate, did you know that this has been answered before and that the little yellow search box would have helped you find the answer? | |
| 8 October 2009 | |
| This is an example of an easy search: http://www.taxalmanac.org/index.php/Special:Search?search=time+share+donation | |
| 8 October 2009 | |
| looking a little further down the page from that search you would find this: Discussion:Contribution of time share | |
| 8 October 2009 | |
| Thanks, sorry for the redundant question. I was using key word search for non-cash donations. Never tried timeshare - duh? Thanks again
Nate | |
| October 8, 2009 | |
| I used the search box yesterday quite successfully...and was shocked at what I found. The best answer was...get ready....MINE! So it was like me talking into the future to myself. Weird. But it was still the right answer. I need one of these to capture the rest of my life. | |
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